FTX Recovery Trust is set to distribute approximately $1.6 billion to creditors on September 30, marking the third round of payouts since the exchange's bankruptcy in November 2022. This distribution follows the Chapter 11 Plan of Reorganization approved by the US Bankruptcy Court in Delaware. Creditors who have completed onboarding through providers BitGo, Kraken, or Payoneer will be eligible. The allocation of recovery percentages by claim class includes 6% for dotcom customer claims (totaling 78%), 40% for U.S. customer claims (95% cumulative), 24% for general unsecured and digital asset loan claims (85% cumulative), and 120% for convenience claims. The distributions adhere to a priority structure where senior classes receive funds before lower-ranked claims. The Recovery Trust, advised by several prominent firms, has been actively liquidating assets and pursuing litigation to return funds to customers since FTX collapsed due to misusing customer deposits. More distribution dates will be announced as additional funds are recovered.

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